If you are a UK taxpayer, we can benefit through the Gift Aid scheme to claim the basic rate tax back on every pound donated. In essence this means that a donation made under Gift Aid will be topped up by 25% by the Government – this makes a significant difference to the work that we can do. In order to make a Gift Aid claim, HMRC requires that a Gift Aid Declaration Form is completed by donors (a form is only required once).
Should you be a higher rate tax payer, you can recover the difference between the basic and higher rates of tax (20% and 40% respectively) on the total ‘gross’ value of your donation. For example, if you donate £100 to the Church, this equates to £125 including the gift aid amount. As a higher rate taxpayer you are able to recover £25 on your tax return (being 20% x £125). Tax relief is also available on a similar basis for those taxpayers paying at the additional rate (currently 45%).
Gift aid form can be found here.